William Hill have launched their biggest ever Cheltenham offer! Simply place a bet online or on mobile on the Supreme Novices’ Hurdle at Cheltenham on Tuesday and if it loses, William Hill will refund us as a free bet up to a maximum of £25.00, to be used on any race within 24 hours. Translated into matched betting terms, this gives us a guaranteed minimum profit of £14.03 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walkthrough guide on how it should be done.
For this particular offer, we need to select a horse that has a decent chance of losing so that we receive the free bet refund. It therefore makes sense to place our qualifying bet on a horse with long odds. Having looked at the odds on offer, I’ve opted to place my qualifying bet on Qewy.
Place £25.00 on Qewy @ 15.00 = Potential profit of £350.00
Lay £21.49 on Qewy @ 17.50 = Potential liability of £354.59
Let’s have a look at our potential profit/loss for the possible outcomes…
| Qewy wins | +£350.00 – £354.59 = £4.59 loss |
| Qewy doesn’t win | -£25.00 + £20.42 + £20.00 (extract 80% from our £25.00 free bet) = £15.42 profit |
So as things stand we will make £15.42 profit if Qewy doesn’t win and a loss of £4.59 if he does win. It’s not often that we are able to do this but by placing a further back bet on Qewy, we can guarantee ourselves a profit on any outcome…
Place £1.33 on Qewy @ 15.00 = Potential profit of £18.62
Let’s have a look at our overall profit/loss for the possible outcomes…
| Qewy wins | -£4.59 + £18.62 = £14.03 profit |
| Qewy doesn’t win | £15.42 – £1.33 = £14.09 profit |
So regardless of the result of the Supreme Novices’ Hurdle, we will make a guaranteed minimum profit of £14.03!
If you’re unsure how to extract 80% of our £25.00 free bet, check out my Free Bet Strategy page for a walkthrough guide on how it should be done.
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.